The global bank has put out a second report claiming that IO borrowers are more likely to experience financial stress through brokers

New research shows that 40% of lenders have yet to drop rates since the RBA's cash rate cut.

Today marks six weeks since the last cash rate cut and finder.com.au reports they are still seeing variable rate home loan drops, with 20 variable home loans in the past week.

According to the comparison website, only 60% of lenders have dropped rates since the cash rate cut and it has warned borrowers to keep an eye on their home loan interest rates.

Finder.com.au money expert, Michelle Hutchison said some lenders could be taking advantage of borrowers by delaying their rate reductions.

"While it's not surprising to see some lenders being slow to pass on the cash rate cut to their variable home loan customers, it's disappointing that some are taking advantage of the situation.”

"Many borrowers aren't aware of what interest rate they are being charged and may not realise that their lender hasn't passed on the rate cut.

Hutchison said it’s the responsibility of the borrower to “keep their lenders on their toes by keeping track of their home loan, finding out what their rate is and whether their lender has passed on the latest rate cut”.

Lenders who have recently dropped rates include Commonwealth Bank, Big Sky Building Society, Catalyst Mutual, Family First Credit Union, Heritage Bank, Hunter United Credit Union, Illawarra Credit Union, RAMS and Western Credit Union, according to finder’s home loan comparison database.

Out of more than 1,300 variable rate home loans monitored by finder.com.au, 815 (60%) have so far passed on the cash rate cut.